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Texas winter weather redux probably not bad enough for a tax-deductible major disaster declaration

February 3, 2022
Snow from major storm February 2021_cropped_Kay Bell photo

No, this isn’t from this week’s cold snap in Austin and much of Texas. It’s what we got from the February 2021 major winter storm that hit every county in the Lone Star State. This week, we’ve had freezing rain, sleet, gusty north winds, and continuous below-freezing temps. That’s bad, but likely not bad enough to get a major disaster declaration that could make any damages tax deductible. (Photo by Kay Bell)

Groundhog Day was yesterday, but all us cold weather weenies here in Central Texas and southward are feeling like we’re reliving February 2021. We’re in the midst of a 24-to-36 hour below freezing spell.

I know for hardy northern residents, that’s nothing. But we moved to this part of the country to get just a tiny taste of winter, only enough seasonal change to pull out our Uggs for maybe a week. When we get sustained, really cold weather, like shown in the warning map below, we’re thrown for a loop.

Winter storm warnings Texas February 2022 map jpg

That’s my excuse for being late posting today. I’ve been dripping faucets and then transferring those bowls of water to containers for future use. I hope it’s not near future use, like last February when we didn’t have water for days and…. Well, you know.

When storm damages are tax deductible: I’m also recycling a post that I wrote after year’s major winter storm. It looks at the factors you need to consider in making a major disaster tax claim.  

The key here is that the disaster must be an official major one. Your (or my) classification of the horrid weather as a disaster, like me and my whiny neighbors are doing, doesn’t count. Any bad acts by Mother Nature must be deemed a major disaster by the president and dealt with by the Federal Emergency Management Agency (FEMA).

I don’t expect that to happen this time for me and my fellow freezing Central Texans.  

Yes, it’s cold, and some people will lose power. That could mean in addition to huddling under every available blanket, their refrigerated goods might go bad. Others might find their pipes froze, not only inconveniencing them, but causing serious damage to their homes.

State disaster declarations don’t count: And, yes, the Texas governor today issued a state-level disaster declaration for 17 Texas counties hit hardest by this winter storm.

They designated areas are Bosque, Dallas, Delta, Denton, Ellis, Fannin, Grayson, Hopkins, Hunt, Johnson, Kaufman, Lamar, Navarro, Rains, Red River, Rockwall, and Williamson counties.

But unless some of the many areas this storm system is hitting is declared a major disaster by President Joe Biden, then we’ll be our own or working with our insurance agents to take care of repairs. Without that official word from the White House, we won’t be able to make any deduction claims on our federal tax returns.

I hope wherever you are, you’re safe and warm.

I also hope you never ever need to think about claiming losses incurred as a result of a major natural disaster. Those Mother Nature-turned-Mommy Dearest events happen year-round and in every part of the United States.

So take care. Be aware. Prepare. And just in case, check out my major disaster tax loss claims post.

You also might find these other disaster-related blog items of interest, too:

 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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